Tuesday, March 16, 2021

Mortgage Rates & Mortgage Broker News in Canada

Mortgage Rates & Mortgage Broker News in Canada

FOMO & Tight Housing Supply Drive Home Prices to a New Record

Posted: 15 Mar 2021 06:42 PM PDT

For the eighth straight month, Canadian home prices set yet a new record high in February, the Canadian Real Estate Association reported on Monday. The average house price surged 25% from last year to a new high of $678,091, CREA’s figures show. At the same time, housing inventories continue to tighten, with just 1.8 months of inventory available—the lowest reading on record. This is the amount of time it would take to liquidate current inventories at today’s rate of sales. […]
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Mortgage – HousingWire

Mortgage – HousingWi...